Fintary raises $10 million

Fintary, a startup offering insurance companies a platform to streamline commission and financial operations, has closed a $10 million Series A round led by Infinity Ventures, with participation from Sierra Ventures and other existing investors. This latest investment brings Fintary’s total funding to $12.8 million.

Founded in 2021, the San Francisco-based startup offers direct bill reconciliation, advanced commission structures, and insights, among other things. Fintary has solutions for P&C, life and annuity, and health insurance companies.

The startup is led by Qiyun Cai, who previously co-founded Amplify Life Insurance.

“Fintary stands out because they understand the insurance world from the inside out. Their platform has processed millions in commissions – they know the pain of chargebacks and hierarchy overrides firsthand. That’s why they’re able to build technology that goes beyond efficiency. Fintary is helping insurers grow faster, operate smarter, and turn financial operations into a competitive advantage.” – Jeremy Jonker, Co-Founder and Managing Partner at Infinity Ventures.